Student Housing Apartment Complex and Related Assets in Texas

Sale of Assets of UTSA APARTMENTS 8, LLC, et al, describe as: Business and the Real Property, together with any land lying in the bed of any existing, dedicated street, road or alley, all strips and gores adjoining thereto and all appurtenances, rights, privileges, licenses (written or oral), easements, rights-of-way, covenants, tenements, hereditaments, land use entitlements, air or water rights, certificates, development rights or other rights or appurtenances incident thereto (collectively, the "Land"), and also including the buildings, utilities, and other improvements situated thereon (collectively, the "Improvements"), and also all the fixtures, furnishings, and equipment, machinery, supplies and other articles of tangible personal property owned by Sellers and located in, attached to or used in connection with the management, operation, repair and/or maintenance of the Real Property (collectively, the "Personal Property"), and also all intangible property now or on the Closing Date owned or held by Sellers or their affiliates or in which Sellers or their affiliates have rights and used in connection with the Land, Improvements and/or Personal Property, including, without limitation, (i) all leases (the "Leases") and tenant security deposits with interest thereon, (ii) all transferable licenses, permits, authorizations, approvals, entitlements, and certificates of occupancy (collectively, the "Permits"), and (iii) all right, title and interest of Sellers in all transferable warranties (if any), telephone numbers, websites, domain names, plans and specifications, trade names, operating-materials, service marks, logos, and goodwill owned by Sellers and related to the Property, or any part thereof including, without limitation, the name "The Reserve"); the internet domain name http://www.thereservesanantonio.com. any related domain privileges and appurtenances of every kind and description appurtenant to or benefiting the Real Property. names and all Facebook accounts, Twitter accounts and similar social media with respect to the Property (collectively, with the Leases and Permits, the "Intangible Property"). The Seller's Business, Real Property, Land, Improvements, Personal Property and Intangible Property being hereinafter sometimes referred to collectively as the "Property"); the Property shall include all right, title and interest, if any, of the Seller in and to (a) any real property owned, claimed or fenced by Seller which adjoins the Real Property, (b) any unpaid award made or to be made for the taking by condemnation or otherwise of the Real Property, for public or quasi-public use or purpose of such right, title or interest, (c) any unpaid award for damage to any or all of the Land by reason of change of grade of any such street, road or avenue, and (iv) other intangible rights, titles, interests, privileges and appurtenances of every kind and description appurtenant to or benefiting the Real Property.

"Real property known as The Reserve, located at the intersection of Babcock and Hausman Roads, in San Antonio, Bexar County, Texas, consisting of approximately 753 beds"